while preparing final accounts of a service rendering
shop,then where do the purchases and sales come as closing
stock is not there



while preparing final accounts of a service rendering shop,then where do the purchases and sales c..

Answer / gagandeep

it comes in the receipts and expenditure account

Is This Answer Correct ?    0 Yes 0 No

Post New Answer

More Accounting General Interview Questions

Can you differentiate accounting and auditing?

0 Answers  


what is the relationship between bookkeeping and accounting?

0 Answers  


what is the main difference between Outstanding & Accrued Expenses?

5 Answers  


what is difference between job costing and process costing?

2 Answers  


journal entry for goods withdrawn for personal use

0 Answers  






journal

1 Answers   Bank Of America,


What was your average accounts receivable days outstanding/days sales outstanding?

0 Answers  


For example for formation of a new company/offshore company you need to show paid up capital of 100K but you don't have 100K you as a director borrow loan of 100K from 3rd party and deposit in the bank as paid up capital and issued shares of 100K in director name. After one week you return back 3rd part loan. What are the entries in the books?

0 Answers  


Period I :- Sales= Rs 15000. Profit= Rs 400. Period II :- Sales= Rs 19000. Profit= Rs 1150. Calculate : a) P/V ratio. b) Profit when sales are Rs 12000. Cc) Sales required to earn a profit of Rs 2000. d) Margin of safety in period II. e) variable cost in period I.

1 Answers  


In accounting, how do you define the premises?

0 Answers  


Types of errors in account

0 Answers   Genpact,


what is nature of bills receivabe AC 

1 Answers  


Categories